NFTslangs.com

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Paper hands

What does Paper hands means?

Selling an NFT rapidly below its floor price—often due to FOMO, fear of the project being a pump and dump, or a rug. Paper hands are often bad for an NFT project since they lower its credibility, hence, dropping its floor price. DeGods NFT, for instance, introduced a 33% paper hand bitch tax to prevent people from listing paper hands.

Random Slangs

McDonald’s

It’s used jokingly as an alternative career to a failed NFT investment. The NFT community uses it comically as the career option to fall on

Noob / Pleb

An NFT or crypto beginner. Generally, someone not knowledgeable about a subject matter is called a Pleb or Noob. But the NFT community has adopted it to describe

Shilling

It’s a marketing strategy usually adopted by influencers to promote an NFT project to push others to invest in it. Example “The project gained popularity

Blockchain

The blockchain is a chain of servers containing several nodes that record cryptocurrency transaction ledgers in a decentralized format. The blockchain is difficult to hack

IYKYK

Short for “If you know, you know”. It implies that a message, post or information that’d make sense to the insiders but not the general public.

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